Mercer County, NJ Property Tax Search
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In-depth Mercer County, NJ Property Tax Information
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See detailed property tax information from the sample report for 214 Hickory Corner Rd, Mercer County, NJ
Property Tax Calculation
The New Jersey County Tax Boards Association supervises municipal tax assessors, equalization, revision and review of assessments and enforcement of the laws, and offers guidelines for property tax assessment.
Market value, also known as full and fair value, may be defined as the highest price in terms of money which a property would bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.
| Land value | $167,000 | ||||||
| Building value | + | $185,800 | |||||
| Market value | = | $352,800 | |||||
Assessed Value
The New Jersey County Tax Boards Association established that all real property be assessed at 100% of its market value. The County Assessor determines each property's the full and fair value as if it were to sell in fair and bona fide sale by private contract on the October 1 preceding the date the assessor completes the assessment list.
| Assessed value | = | $352,800 | |||||
Exemptions and Taxable Value
New Jersey offers taxpayers various tax relief and credit programs, which may lower the property's tax bill. These are deducted from the assessed value, giving the property's taxable value.
Our information indicates that this property does not currently benefit from any exemptions or credits. Therefore, the taxable value is equal to the assessed value.
Municipalities may also have one or more special district tax rates such as fire, garbage, and water.
| Tax description | Taxable value | Tax rate | Tax amount | ||
|---|---|---|---|---|---|
| Garbage District | $352,800 | x | 0.1240 | = | $437.47 |
| Total special taxes | = | $437 |
Property Tax
Base tax is calculated by multiplying the property's assessed value with the corresponding tax rates and is an estimate of what an owner not benefiting from any exemptions would pay. This property is located in the East Windsor Twp district of Mercer County.
| Tax description | Assessed value | Tax rate | Tax amount | ||
|---|---|---|---|---|---|
| County Tax | $352,800 | x | 0.7920 | = | $2,794.18 |
| Library Tax | $352,800 | x | 0.0740 | = | $261.07 |
| County Open Space Tax | $352,800 | x | 0.0440 | = | $155.23 |
| Regional School Tax | $352,800 | x | 2.2260 | = | $7,853.33 |
| Municipal Local Purpose Tax | $352,800 | x | 0.4600 | = | $1,622.88 |
| Base tax | $352,800 | x | 3.5960 | = | $12,687 |
Current tax represents the amount the current owner pays, including any credits or exemptions. This value is obtained after adding special tax amounts, if they apply, to the base tax value and subtracting deductions from the same base tax value.
| Base tax | $12,687 | ||||
| Special taxes | + | $437 | |||
| Current tax | = | $13,124 |
Actual taxes may differ from the figures displayed here due to various abatement and financial assistance programs, other exemptions/tax deductions, a Reimbursement program or to Statements of State Aid.
For more information please visit the web pages of The State of New Jersey's Department of Treasury, Division of Taxation or look up this property's current tax situation.
This map shows property tax in correlation with square footage of the property.
| Property tax | $12,687 |
|---|---|
| Tax year | 2024 |
| Square feet | 1,674 |
| Tax per sqft | $8 |
Assessment History
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Mercer County Stats for Property Taxes
Looking for more property tax statistics in your area? Instantly view essential data points on Mercer County, as well as NJ effective tax rates, median real estate taxes paid, home values, income levels and even homeownership rates.
Effective tax rate (%)
2.62% of Assessed Home Value
2.33% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$8,576
$9,345
$2,869
Median home value
$327,600
$401,400
$281,900
Median income
$92,697
$97,126
$75,149
Owner occupied housing (%)
62.8%
63.9%
64.8%
Renter occupied housing (%)
37.2%
36.1%
35.2%
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Frequently Asked Questions on Property Taxes
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